SOCAN acquires CMRRA from SoundExchange

▤ Summary

SOCAN has agreed to acquire CMRRA from SoundExchange, pending regulatory approval and other closing conditions. The deal brings together SOCAN’s performance rights business with CMRRA’s reproduction rights and royalty administration operations in Canada. SOCAN says the combination will create a more seamless experience for music publishers and creators and strengthen Canada’s music rights landscape. SoundExchange says the transaction lets it keep focusing on its core mission while SOCAN builds on CMRRA’s existing foundation. The article also notes SOCAN’s recent partnership with Musical AI for creator attribution and payment related to AI use.

▦ Linked Companies

SoundExchange

$10M to $25M